Single-Family Starts Lead U.S. Housing Rebound In July
U.S. housing starts increased in July to a seasonally adjusted rate of 1.452 million, nearly 4% above June (and 6% above July a year ago). Single-family housing starts in July were at a rate of 983,000, 6.7% above June, while multi-family starts were 460,000, even with June, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report.
Both single-family and multi-family starts had declined significantly in June from May, so the latest numbers offer some relief. Housing starts in July represent the second highly monthly adjusted annual rate of the year.
Building permits in July were 1.442 million, slightly above June, with single-family at 930,000, 0.6% above June, and multi-family at 464,000, down a fraction from June.
Housing completions were at a rate of 1.321 million in July, down 11.8% from June. Single-family was 1.018 million, up 1.3%, while multi-family was 297,000, down a whopping 38.5% from June.
Latest News
Canfor Acquires I-Joist Operation
Canfor Acquires I-Joist OperationCanfor Corp. has entered into an agreement with PinkWood Ltd. to purchase its I-joist business for $68 million, including working capital. Founded in 2009, PinkWood is the largest I-joist facility in Western Canada, producing...
Patrick Hardwoods Appoints Mark Gray President
Patrick Hardwoods Appoints Mark Gray President Patrick Lumber Co. (PLC), a century-old lumber and specialty wood supplier, announced that Patrick Hardwoods’ board of directors unanimously elected Mark Gray as president of Patrick Hardwoods. After more than a decade...
White Liquor Tank Explosion Kills 11 At Longview Packaging Plant
White Liquor Tank Explosion Kills 11 At Longview Packaging PlantGovernor Bob Ferguson ordered flags to be at half-staff for a week in early June in honor of the 11 killed in the chemical tank explosion on the morning of May 26 at the Nippon Dynawave Packaging plant in...
Overmyer, Hardwood Lumber Industry Reached Their Peak Together
Overmyer, Hardwood Lumber Industry Reached Their Peak TogetherDonald Howard Overmyer, Jr., a 1997 Timber Processing Person of the Year, who was widely respected as a leader and innovator in the hardwood lumber industry, and who developed Linden Lumber Co. in Linden,...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.